$1 Billion Eurobond Offering by the Republic of Côte d’Ivoire

Cleary Gottlieb acted as counsel to the Republic of Côte d’Ivoire in relation to a landmark sovereign Eurobond offering. The offering of $1 billion 6.375% Amortizing Notes due 2028 closed on March 2, 2015. This landmark transaction represents the longest maturity for a sovereign issuance on primary markets in Sub-Saharan Africa excluding South Africa, and represents the Republic of Côte d’Ivoire’s second international offering on the primary capital markets, after a successful inaugural bond issuance of $750 million in July 2014. Proceeds of the offering will be used to fund strategic investments of the Republic of Côte d’Ivoire’s National Development Plan. The offering was made on a Rule 144A / Regulation S basis and the Notes were admitted to trading on the Regulated Market of the Luxembourg Stock Exchange.